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house speaker john boehner met with house republicans for an hour and a half today. he didn't share his opinion of the bill but many other republicans like alabama's spencer bachus did. >> the senate bill failed miserably in cutting spending. >> reporter: michael conaway of texas. >> i'm unwilling to gag down a deal that is unacceptable. >> reporter: even the number two house republican, virginia's eric cantor, said he could not support the bill in its current form-- despite the fact that it passed the senate at 2:00 this morning with huge bipartisan support. >> the yays are 89, the nays are 8. >> reporter: the bill is the product of the intense last-minute negotiation between senate majority leader mitch mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim v
house speaker john boehner met with house republicans for an hour and a half today. he didn't share his opinion of the bill but many other republicans like alabama's spencer bachus did. >> the senate bill failed miserably in cutting spending. >> reporter: michael conaway of texas. >> i'm unwilling to gag down a deal that is unacceptable. >> reporter: even the number two house republican, virginia's eric cantor, said he could not support the bill in its current form--...
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plan b, john boehner, the leader of the rublicans offered to do it at a million. in a way, the republicans were defeated in terms of getting it up to a million. they never got a vote. everybody is going to get a tax increase that has nothing to do with this bill because of the payroll tax holiday. a person earning $50,000 is going to pay $800 more by virtue of the fact that expires. what you have really here now it seems to me is erik canter, the number 2 guy trying to make the number one guy in his own party john boehner look bad or maybe this is his attempt to run for speaker when the new congress comes into affect thursday at noon where they have an election. i mean, baner said let's hand it over to the senate and the assumption was we all do what the senate comes up with. obviously, there's been a breakdown in communication. >> there's this thought going back to the election, the republicans are blindsided by how badly mitt romney was beaten and see this going on in the republican party itself. is this more than example of what's going on in the republican par
plan b, john boehner, the leader of the rublicans offered to do it at a million. in a way, the republicans were defeated in terms of getting it up to a million. they never got a vote. everybody is going to get a tax increase that has nothing to do with this bill because of the payroll tax holiday. a person earning $50,000 is going to pay $800 more by virtue of the fact that expires. what you have really here now it seems to me is erik canter, the number 2 guy trying to make the number one guy...
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is this a canter/john boehner showdown? >> may well be. canter has a bright future and he's playing smartly. he can do anything he wants after this. >> peter, i guess i'm curious, how does the senate which oftentimes looks like the adult in the room to begin with, how does the senate handle this? this is an overwhelming yes vote. marco was the loan no votes. he's positioning himself for a presidential run down the road. with such an overwhelming vote in the senate and adults taking control here, how do they reconcile with hurting cats in the house? >> it's very difficult. your point is right. there's a lot in this bill. there's a lot still that hasn't been done and will get done in the next two months when it comes to a lot of other budget matters. the hope now is that there is this up or down vote in the house and it passes. if they put a poison pill amendment as speaker boehner warned them about, they are in trouble. and then what happens if there's another bill coming through? there's not enough time. what will happen is they go into th
is this a canter/john boehner showdown? >> may well be. canter has a bright future and he's playing smartly. he can do anything he wants after this. >> peter, i guess i'm curious, how does the senate which oftentimes looks like the adult in the room to begin with, how does the senate handle this? this is an overwhelming yes vote. marco was the loan no votes. he's positioning himself for a presidential run down the road. with such an overwhelming vote in the senate and adults taking...
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gop leader eric cantor has broken with house speaker john boehner. house democrats say they are waiting to hear from a republican colleagues. they believe this is a solid, bipartisan deal. >> for the first time ever, md. new year's eve celebrations include same-sex marriage celebrations. we are joined from city hall where the mayor presided over her first same-sex weddings ever. >> that is true. same-sex marriage -- same-sex couples unable to get marriage licenses since december 6, but they could not marry legally until today. wedding bells rang in the new year everywhere from this church to city hall. rchangel el's a catholic church. >> jesus loves everyone. i think he would be celebrating with us today. i do not look at it as a religious issue at all. and look at it more as a civil- rights issue. >> ♪ >> amanda knox zimmerman and her partner of six years exchanged wedding vows. >> this is the best. not only do i get to be a part of marriage and make it legal, but it is the best thing in the world for us right now. >> amanda and april wrote their
gop leader eric cantor has broken with house speaker john boehner. house democrats say they are waiting to hear from a republican colleagues. they believe this is a solid, bipartisan deal. >> for the first time ever, md. new year's eve celebrations include same-sex marriage celebrations. we are joined from city hall where the mayor presided over her first same-sex weddings ever. >> that is true. same-sex marriage -- same-sex couples unable to get marriage licenses since december 6,...
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john boehner is so inept, with eric cantor, he does -- is not capable of passing a bill. he tried it and had to pull it off the floor. wasn't unable to do with the constitution tells him to do. he then asks that the senate makes a bill to vote on. the senate passed a bill and they brought it in with 89 votes and then they turn around and now he is talking about wanting to an amendment. he is so scared of eric cantor. that is the situation we are in. host: the house the bell system has gone off. these alert members there is a vote. there is at least about 15 minutes before the house comes into session. it is currently in recess, subject to the call of the chair. the bells have gone off. it looks like they will be coming back into session. while we are waiting for that, we want to show you the democratic house leadership press conference that was held at two hours ago. here it is. but also gave us a thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with the republican leaders in both houses, were able to come together
john boehner is so inept, with eric cantor, he does -- is not capable of passing a bill. he tried it and had to pull it off the floor. wasn't unable to do with the constitution tells him to do. he then asks that the senate makes a bill to vote on. the senate passed a bill and they brought it in with 89 votes and then they turn around and now he is talking about wanting to an amendment. he is so scared of eric cantor. that is the situation we are in. host: the house the bell system has gone off....
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the way john boehner leads is he says the house is the will of the american people. with cantor coming out against this, you heard from mr. latourette, it would be very hard for john boehner to move ahead of eric cantor and try to put this bill on the floor without it being amended. >> luke, stand by. mike viqueira is also with us this hour to bring us up to date. one of the points brought up by luke russert when he was speaking with representative latourette was the number that could support the bill as it stands right now, that number that representative latourette was just putting out there was 40 to 50. as we know, that magic number is 218. >> reporter: yeah. here is another number, 89. 89 people in the united states senate voted for this thing and one more number for you, richard, 5. 5 people voting against it. of the eight who voted against it in total were republicans. the thought was that such a strong vote with carry the day in the house of representatives. they would see the political and economic writing on the wall. evidently that's not going to happen or
the way john boehner leads is he says the house is the will of the american people. with cantor coming out against this, you heard from mr. latourette, it would be very hard for john boehner to move ahead of eric cantor and try to put this bill on the floor without it being amended. >> luke, stand by. mike viqueira is also with us this hour to bring us up to date. one of the points brought up by luke russert when he was speaking with representative latourette was the number that could...
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how much trouble is john boehner in as the speaker of the house? >> i actually -- i actually don't think that john boehner is going to be in that much trouble this year. i don't think when his speakership comes up for a vote that he will be in trouble. i don't see anyone else lining up to take his job. >> perhaps in the last few hours we may have seen -- >> i just interviewed darrell issa and he says that he's with eric cantor. >> so that might be changing but i do think that john boehner has certainly lost control of his caucus. but frankly, they might want a weak leader because then they think they can control him. >> it's the second poke in the eye. he had plan b and now the pressure a lot of people got from the meeting at the white house, boehner said, it's up to the senate. let them pass something. if it's a bipartisan majority, we'll bring it to the house and vote on it up or down. >> you were talking about the political damage republicans could sustain and there are about 50 or 60 republicans sitting thinking, yes, i'm really worried about t
how much trouble is john boehner in as the speaker of the house? >> i actually -- i actually don't think that john boehner is going to be in that much trouble this year. i don't think when his speakership comes up for a vote that he will be in trouble. i don't see anyone else lining up to take his job. >> perhaps in the last few hours we may have seen -- >> i just interviewed darrell issa and he says that he's with eric cantor. >> so that might be changing but i do think...
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it comes from brendan buck, a spokesman for the speaker of the house, john boehner. he says the speaker and leader, the leader eric cantor, laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was a universal concern among members in today's meeting. conversations with members will continue throughout the afternoon on the path forward. again, everything up in the air there, as luke has been reporting. i just want to re-emphasize what luke was talking about in terms of the congressional schedule. the constitution says the new congress, the 113th congress will be sworn in on thursday. if you look at the procedures, everything that has got to happen if this new -- if this old congress, this existing congress is to pass this legislation, if the house were to amend it -- assuming. we don't know what they'll do. it sounds like they're leaning in that direction. it would have to go back to the senate. the senate has scattered to the winds at 2:00 this morning. a lot of ifs and buts in this thing. there is the possibility thi
it comes from brendan buck, a spokesman for the speaker of the house, john boehner. he says the speaker and leader, the leader eric cantor, laid out options to the members and listened to feedback. the lack of spending cuts in the senate bill was a universal concern among members in today's meeting. conversations with members will continue throughout the afternoon on the path forward. again, everything up in the air there, as luke has been reporting. i just want to re-emphasize what luke was...
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this is very tricky for john boehner and his lieutenant. they have a relatively narrow house majority, polls show that the fiscal cliff blame would be mostly on them, not the president. not on democrats. that might change. but this is a very risky move if we go well into january with this unresolved. >> and you got to wonder if the house republicans are kicking themselves for not passing the plan b, which allowed for tax rates on people making a million or more since the figure that passed was significantly less at 400,000. bob cusack, thank you. we appreciate you being with us. >> thanks, deb. >>> well, developing this hour in alaska, on a shallow and rocky shore line near the uninhabited kodiak island, a huge oil rig has run aground. it has run aground. the coast guard has done a flyover of the shipwreck. it says that there is no signs of an oil spill. at least not at this stage. the kulluk is carrying 150,000 gallons of fuel and oil, operating as part of shell's controversial arctic drilling program. >>> well, word of new fallout from th
this is very tricky for john boehner and his lieutenant. they have a relatively narrow house majority, polls show that the fiscal cliff blame would be mostly on them, not the president. not on democrats. that might change. but this is a very risky move if we go well into january with this unresolved. >> and you got to wonder if the house republicans are kicking themselves for not passing the plan b, which allowed for tax rates on people making a million or more since the figure that...
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gop to let america down, john boehner during his final shot to delay this. i bet money they send it back to the senate. unless and until the u.s. congress financier's governing again, it they should all stop lecturing other governments of the world. it is another spending bill, political suicide for republicans to vote for it. what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which the vice president not only roused the entire membership but also gave us a very thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with democratic and republican leaders were able to come together o
gop to let america down, john boehner during his final shot to delay this. i bet money they send it back to the senate. unless and until the u.s. congress financier's governing again, it they should all stop lecturing other governments of the world. it is another spending bill, political suicide for republicans to vote for it. what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just...
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that may be a little tougher sell for john boehner than it is for nancy pelosi. we're keeping our eye on these movements. this deal that was reached by vice president biden and the senate minority leader mitch mcconnell gained the support of most, but not all senate republicans. one who voted in the affirmative. senator, thank you for joining us. >> good to be with you, chris. >> let's talk a little bit about how this thing moves forward. is it your assumption that at the end of the day the republicans and the democrats on the house side will have voted yes and that it will be on to the next battle? >> i believe that's right. it's looking like they won't vote, however, until tomorrow or possibly the day after. i do think ultimately they will pass the legislation, and then we've got to work diligently on finding real savings to address the deficit and the debt as well as bipartisan entitlement reform to preserve -- to save those programs for the long-term. >> well, let me ask you, first, about this idea that that might -- the vote might not come together. certainl
that may be a little tougher sell for john boehner than it is for nancy pelosi. we're keeping our eye on these movements. this deal that was reached by vice president biden and the senate minority leader mitch mcconnell gained the support of most, but not all senate republicans. one who voted in the affirmative. senator, thank you for joining us. >> good to be with you, chris. >> let's talk a little bit about how this thing moves forward. is it your assumption that at the end of the...
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where does this leave embattled house speaker john boehner? reed wilson is editor-in-chief for national journal's hotline. thank you both for being here today. ryan, let's talk about what we'll see in the house. do you expect a full scale revolt from conservative members who vowed to vote against any tax increase? >> well, i don't know. we'll find out early this afternoon. what i'm hearing is that the conservative members have three major problems with the bill that came over from the senate. one is that there are no spending cuts included. two is that they don't believe that the offsets for the sequester are legitimate. they think this i.r.a. to roth i.r. as is bogus and three they don't think the extension of emergency unemployment is unpaid for. so they're going to be pushing to amend it one way or another. they'll be pushing to add spending cuts to it or maybe some type of pay for unemployment or redoing the way the sequester is paid for. if they do that, and if they do it in a kind of poison pill way and send it back to the senate, the se
where does this leave embattled house speaker john boehner? reed wilson is editor-in-chief for national journal's hotline. thank you both for being here today. ryan, let's talk about what we'll see in the house. do you expect a full scale revolt from conservative members who vowed to vote against any tax increase? >> well, i don't know. we'll find out early this afternoon. what i'm hearing is that the conservative members have three major problems with the bill that came over from the...
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but at this point, it's up to john boehner to see how much support he has for the bill with or without amendments and whether he can move forward today or if it's going to be delayed. e we should find that out shortly. >> brianna keilar live for us at the white house, thank you. also we're going to keep an eye on washington today. we'll be live throughout the day to just see what the house plans to do. and then coming up we're going to get the pulse of the people too. back in a moment. >>> we're all keeping a close eye on the house today to see e what those house members decide to do about the fiscal cliff. the republican leaders there are expected to meet about 20 minutes or so. actually an hour and 20 minutes or so to go over their strategy for the day. that's when they will decide potentially if we're even going to have a house vote today on that plan that the senate approved early this morning. for you out late last night, it was late last night. 2:00 in the morning eastern time. going to keep you updated on the machinations of the house. in the meantime, since it's the first day o
but at this point, it's up to john boehner to see how much support he has for the bill with or without amendments and whether he can move forward today or if it's going to be delayed. e we should find that out shortly. >> brianna keilar live for us at the white house, thank you. also we're going to keep an eye on washington today. we'll be live throughout the day to just see what the house plans to do. and then coming up we're going to get the pulse of the people too. back in a moment....
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you'll also see john boehner meeting with his conference at 1:00 p.m. i've been told by folks close to boehner that these -- it is by no means a done deal. he is keeping the door open to possibly amending the senate bill. now you think with the 9 votes they wouldn't want to do that, they'd want to put this to bed. but the house republicans have been known to scuttle these types of deals in the 11th hour before. there is some optimism on the senate side but over to the house side, if all goes to plan and they approve it all maybe we see a vote in the early evening but it could very much go into tomorrow if amended. >> you mentioned vice president biden coming back to step in again. it certainly seemed like he swoopd in at the 11th hour and helped bring this together. apparently he was very critical to these discussions. >> he's the closer. if you saw what he did yesterday, he was able to come back, talk to his senate colleagues he served with, some of them for decades, and say look. this is a really good deal, the best we can get. here are our advantages
you'll also see john boehner meeting with his conference at 1:00 p.m. i've been told by folks close to boehner that these -- it is by no means a done deal. he is keeping the door open to possibly amending the senate bill. now you think with the 9 votes they wouldn't want to do that, they'd want to put this to bed. but the house republicans have been known to scuttle these types of deals in the 11th hour before. there is some optimism on the senate side but over to the house side, if all goes to...
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i think john boehner is actually a winner too and here's why. he was not forced at end of the day to make his members walk the plank because the vote is in 2013. and not 2012. the, you know, the grow very norquist pledge could be observed. having their members vote to reduce rates. you heard senator mcconnell talk about for 98% of the people. that was something frankly not crystal clear even as a week ago whether boehner could make that stick. so i think he gets a good outcome here and kind of keeps his people in line. heather: we have to see what happens today just about 30 minutes from now when they go back to the house. tony, what do you think, president obama and john boehner, winner or loser. >> rich is very magnanimous calling them both winners. boehner gets incomplete. the heavy lift will be really today. the caucus on republican side in the house is very conflicted over this we all understand we don't want tax rates to go up on everybody. but at the same time, as you mentioned, heather, there is no deficit reduction in a package supposed
i think john boehner is actually a winner too and here's why. he was not forced at end of the day to make his members walk the plank because the vote is in 2013. and not 2012. the, you know, the grow very norquist pledge could be observed. having their members vote to reduce rates. you heard senator mcconnell talk about for 98% of the people. that was something frankly not crystal clear even as a week ago whether boehner could make that stick. so i think he gets a good outcome here and kind of...
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well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy new year. david, let's talk about what we're going to see in the house. obviously, if it passes, a lot of people will probably be voting yes while they're holding their nose, but could there also be a revolt from conservative members that could threaten this bill? >> i think, chris, you can never predict completely smooth passage, especially in the house, but i think the senate wouldn't feel this confident about the bill had there not been some discussion between the two chambers. and i think if you look back to a
well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political...
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john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the senate. but i think this is expected to move along here. >> there could be amendments, one past, they could vote on amendments, could fail, and then vote on the full measure. isn't that true also? >> yeah, that is true, and the other thing is once anything goes to the floor, it's not just up to republicans, it will -- and the think the expectation all along, whatever ultimately passes the house as we saw in the senate will require democrats and republicans. >> talking to phil gingery, seemed to be leaning no on this. but this time, secretary bamr. doesn't need all of the votes. >> and even though
john boehner needs to take this deal struck in the senate that presumably has some buy in from him if not from his rank and file, because mitch mcconnell did not negotiate this is a vacuum and this is a pretty overwe will being vote. he will take this to his conference today and see where they are at. the expectation is there are two directions this could go. either a vote on the bill or house republicans propose changes so they can amend the bill more to their liking and send it back to the...
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. -- john boehner ever since he has been in. president obama has tried to work with these people to get things done, and they will not work with him. host: let's hear from ron in appleton, wisconsin. caller: i woke up this morning, and i am an engineer, an african-american. i have been blessed with a good income. however, when i woke up this morning, though i feared my taxes going up considerably, i was a bit disappointed. the reason for that is that i'm looking long term. taxes, you have to pay for the debt that we have occurred. at this point, it does not matter how we got there. whether it is republicans and democrats or whatever -- it will take all of us to get out of it. it amazes me that everyone wants everyone else to sacrifice, but when it comes to me, i do not want to give that up. at this point, ok, if you are raising my taxes, ok, but make sure that we take care of the debt. that is the big thing. i'm thinking and 10-20 years down the road. i'm not be around then, but my children will be. host: ok, i appreciate the ph
. -- john boehner ever since he has been in. president obama has tried to work with these people to get things done, and they will not work with him. host: let's hear from ron in appleton, wisconsin. caller: i woke up this morning, and i am an engineer, an african-american. i have been blessed with a good income. however, when i woke up this morning, though i feared my taxes going up considerably, i was a bit disappointed. the reason for that is that i'm looking long term. taxes, you have to...
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. >> reporter: house speaer john boehner has not yet publicly endorsed the deal. and even though congress did not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a scheduled 2% increase in the payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot o
. >> reporter: house speaer john boehner has not yet publicly endorsed the deal. and even though congress did not meet the midnight deadline, tax cuts will be retroactive if the bill is eventually signed into law. terrell? >> tara mergener in washington, thank you so much. the bill also extends unemployment benefits for 2 million people. it prevents a 27% cut in fees for doctors who treat medicare patients. but many americans will see a tax hike because the bill does not affect a...
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john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals together. like it or not, these are the two that hammered it out. they put it together. when it was all said and done, this is what joe biden had to say about how this deal actually came to fruition. >> what was said there was kind of hard to hear. what was your selling point? biden said: me. it's interesting, the senators, the democrats all got together late y
john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was...
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house speaker john boehner feeling a lot of the heat. we'll talk with the spokesperson for a conservative group that suggests that he resign because of his failed plan "b." p chases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? it's the card for people who like more cash. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did s
house speaker john boehner feeling a lot of the heat. we'll talk with the spokesperson for a conservative group that suggests that he resign because of his failed plan "b." p chases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash...
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that could be a problem for john boehner. >> reporting live from capitol hill. thank you. briefly, some of what is in this deal, taxes increasing for individuals who make more than $400,000, households making more than $450 and capital gains tax increase to 20%. the alternative minimum tax permanently patched to keep it from affecting more. the estate tax will have a $10 million exemption. and tell extend stimulus tax credits and unemployment and for children, unearned income. we return to the all-american new year's eve special. >>> happy new year, everybody from happening now crew. here comes lucky number 13, my new year's resolution to get john scott to do a test motor. come on, john. >> maybe. >> 2013? >> could be the year. >> you can't change the past. i didn't enter in 2012 but there is always the future that you can alter. >> good pint. >> happy new year, eefsh nicely done. thank you. wonderful colleagues but both. i feel the wind shifting. do you? >> before it was okay. when it comes from this direction down 7th avenue, we're in trouble. >> it's fun for people at h
that could be a problem for john boehner. >> reporting live from capitol hill. thank you. briefly, some of what is in this deal, taxes increasing for individuals who make more than $400,000, households making more than $450 and capital gains tax increase to 20%. the alternative minimum tax permanently patched to keep it from affecting more. the estate tax will have a $10 million exemption. and tell extend stimulus tax credits and unemployment and for children, unearned income. we return...
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john boehner, this is a tough spot for john boehner. the house and a lot of people have said that his speakership could be threatened by this. so far, we see no sign of that. but, you know, he's in a position now where he is going to have to allow this -- probably going to have to allow this bill to hit the floor and the house and not going to get a majority of republican support. that is something that no speaker of the house of representatives, whether republican or democrat, does with any kind of frequency at all. it's considered almost a heresy. so, you know, everybody sort of recognizes the box that john boehner is in, but it's not going to really do him any good in terms of support among conservatives. there are some winners and losers here. but this fight is not over, maura. that's the bottom line. >> you mentioned vice president biden swooping in at the last minute like superman and being able to secure this deal and that's certainly the perception a lot of people had. we heard mitch mcconnell speaking on the floor and he said t
john boehner, this is a tough spot for john boehner. the house and a lot of people have said that his speakership could be threatened by this. so far, we see no sign of that. but, you know, he's in a position now where he is going to have to allow this -- probably going to have to allow this bill to hit the floor and the house and not going to get a majority of republican support. that is something that no speaker of the house of representatives, whether republican or democrat, does with any...
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it's going to put john boehner, the republican speaker of the house, in a very tough jam. folks want this to happen. this deal has been struck. and maura, one other thing, these mandatory cuts, you may have heard of them called the sequester that were to go into effect today that were the result of the last budget deal that they made. they were to be delayed for two months that will coincide with the debt ceiling that needed to be raised. the united states exceeding its federal debt. that requires an act of congress to raise it. so all of these things are going to come together in two months time and people are already now predicting a fight, if you can believe this, even bigger than the one we've just witnessed over the past several weeks, maura. >> and looking forward to what happens next, you mentioned the house and both speaker boehner and nancy pelosi said they would consider the plan, although nancy pelosi did not go as far as to endorse it. what can we expect in terms of the house as far as how we can receive this? >> i've got to tell you, the veteran congressional
it's going to put john boehner, the republican speaker of the house, in a very tough jam. folks want this to happen. this deal has been struck. and maura, one other thing, these mandatory cuts, you may have heard of them called the sequester that were to go into effect today that were the result of the last budget deal that they made. they were to be delayed for two months that will coincide with the debt ceiling that needed to be raised. the united states exceeding its federal debt. that...
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can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts, so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver, potentially for a deal like 24 with no speing cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families, dividends would go up, the estate tax part of it. whats important is the one year extension unemployment benefit there are 2 million people set to lose their benefits, so that is all in there. everybody
can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts, so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver, potentially for a deal like 24 with no speing cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff:...
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we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the american people of babel to review the legislation. we have been talking about the legislation but with rich edson standing by live once again to explain to us what is at stake and what is to be considered. rich: good evening, adam. the number of different items in state tuition ongoing as to when exactly the senate will pass up. see how much this thing cost, say they have enough votes to get this through although joe biden says he is confident, feels pretty good this vote will end up his way. the deal he negotiate with mitch mcconnell and basically preserves current tax rates for info mounts $450,000 per year for families and less individuals including investment income as well. so the other provisions of unemploy
we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the american people of babel to review the legislation. we have been talking about the legislation but with rich edson standing by live once again to explain...
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john boehner is in really tough spot. talk about your thoughts on what he's got to be doing as far as the dance to please members of his party and try to work out a compromise. >> he's probably the person having the worst new year's eve of anybody in washington. he's got to contend with the fact he's going to need some democrats on board. he's got a caucus that doesn't like to go along with him. they don't really trust him think think he's a moderate and part of the establishment. they're looking for him to sell them out. he created more problems for himself by removing a few of those members from their committee assignment. that's part of what prompted their revolt on the plan b bill. it was kind of payback. he's made things worse for himself. it's a tough caucus to start with. many are not worried about a general election. their are worried about the primary. >> we are going to have to leave it there. sorry about that. we're just out of time. if there's a vote we'll bring that to you live. stay tuned to a special editio
john boehner is in really tough spot. talk about your thoughts on what he's got to be doing as far as the dance to please members of his party and try to work out a compromise. >> he's probably the person having the worst new year's eve of anybody in washington. he's got to contend with the fact he's going to need some democrats on board. he's got a caucus that doesn't like to go along with him. they don't really trust him think think he's a moderate and part of the establishment. they're...
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you know, john boehner is going to have to take a big chance. the strategy all along, frankly on the part of the white house, and certain leaders in the senate was to simply box him in. remember, it was a week ago when john boehner put that bill on the floor, his so-called plan b, more than a week ago to raise taxes only on those individuals making more than a million dollars a year. obviously, that crashed and burned. and so the question if he couldn't get that through his gop caucus here in the house of representatives how on earth is he going to do something that sets that threshhold even lower? so really, the threshhold question, is john boehner as the republican speaker of the house going to allow a bill to pass of this magnitude with primarily democratic support? and i think that is an open question at this point. but the strategy all along was to sort of box him in. and have the senate -- you know, they get 70 senators on this point, it is bipartisans, democrats and republicans alike, then john boehner will have to go to his people and sa
you know, john boehner is going to have to take a big chance. the strategy all along, frankly on the part of the white house, and certain leaders in the senate was to simply box him in. remember, it was a week ago when john boehner put that bill on the floor, his so-called plan b, more than a week ago to raise taxes only on those individuals making more than a million dollars a year. obviously, that crashed and burned. and so the question if he couldn't get that through his gop caucus here in...
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but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and you have a tax increase basically up and down the income spectrum. on the other the other side of the house republicans were saying, if we don't get enough spending cuts, and just let the sequester head. it is set to hit over the next decade beginning in just a few hours from now. get your spending cuts by doing nothing. your tax increases by doing nothing. so there's a little bit of something for everyone here. gerri: as we start to wrap up, did the republicans in giving to the tax increases, did they give enough? or are the democrats who didn't want increases on anybody, they one of the line at 250,000. do they pose a real threat to the steel? >> i think that you have a protection of americans least under 250. and i
but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and you have a tax increase basically up and down the income spectrum. on the other the other side of the house...
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you very well might have a situation where john boehner, the speaker, the leader of the republicans, will be embarrassed tomorrow because a lot of republicans will vote against it, but as long as they get a majority of the house, which is 218, and 30 or 35 republicans vote with the democrats, the bill will pass and become law and the president will immediately sign it. >> so the details of the deal are still largely unknown. what can you tell us about what in essence they've agreed upon tonight? i know i'm hearing that people on the far right and people on the far left are not happy with this. so it means it must be a compromise deal here. so what can you tell us about the particulars? >> reporter: >> the specifics which were outlined in the package is the president said i'm not going higher than 250,000 all during the campaign and he seems to have gone up to 450,000. the republicans who said we will never vote for a tax increase, we don't care if people are very wealthy, have agreed to vote for a tax increase, the estate tax which republicans are very concerned about will now be ind
you very well might have a situation where john boehner, the speaker, the leader of the republicans, will be embarrassed tomorrow because a lot of republicans will vote against it, but as long as they get a majority of the house, which is 218, and 30 or 35 republicans vote with the democrats, the bill will pass and become law and the president will immediately sign it. >> so the details of the deal are still largely unknown. what can you tell us about what in essence they've agreed upon...
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you are are right to note what his spokesperson said earlier tonight that basically john boehner had not spoken to mitch mcconnell in about a week. ha is extremely rare. why would they be saying that? perhapses from a strategic standpoint they realize it will help john boehner to say i didn't have anything to do with this, this was mitch mcconnell and joe biden. whether or not conservative members buy that is another question but it sounds like john boehner is saying i didn't have anything to do with this, guys. >> right. when we put up on the screen fiscal deal reached between white house and senate. >> exactly. >> it is in essence the white house saying they reached a deal and senate republicans saying they reached the deal but vice president biden trying to sell that deal and still a vote has is to happen. i should point out i mentioned that don stewart, senate minority leader mitch mcconnell's spokesperson was talking to reporter there we saw a moment ago in the gaggle of reporters, he said we're waiting to see if the vice president can sell this to his party. stewart says biden
you are are right to note what his spokesperson said earlier tonight that basically john boehner had not spoken to mitch mcconnell in about a week. ha is extremely rare. why would they be saying that? perhapses from a strategic standpoint they realize it will help john boehner to say i didn't have anything to do with this, this was mitch mcconnell and joe biden. whether or not conservative members buy that is another question but it sounds like john boehner is saying i didn't have anything to...
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mitch mcconnell knows where speaker john boehner is on this issue. they remained in contact throughout these negotiations birdseed can imagine that speaker boehner will come out as possibly as early as tonight with a statement of support. he has yet to get any information on. adam: apparently a spokesperson for the speaker saying that this is all joe biden and mitch mcconnell. no context as whether that's a compliment or insult, but potentially the deal which you have been expressing all day long. you are the one who will wrote just before 9:00 p.m. that a gop aide said that this was all done. just to wrap up with you before before we sign off one more time, no word yet from the vice president, but reporters are waiting for some kind of statement. is that correct? reporter: yes, we are hoping to get a comment as he was going into the meeting. right now he is hoping to get enough democrats to get on board. happening all around the capital or soon will begin happening around the capital. house and senate leadership will try to sell this thing and get t
mitch mcconnell knows where speaker john boehner is on this issue. they remained in contact throughout these negotiations birdseed can imagine that speaker boehner will come out as possibly as early as tonight with a statement of support. he has yet to get any information on. adam: apparently a spokesperson for the speaker saying that this is all joe biden and mitch mcconnell. no context as whether that's a compliment or insult, but potentially the deal which you have been expressing all day...
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the strangest part is we haven't heard what john boehner thinks about it, whether he thinks he can muster a majority. we're hearing from dana and jessica and you heard from the senator there are some problems on the democratic side of the senate on this, and the weirdest thing in the world, grover norquist, signed off on something that raises taxes on people who earn $400,000 as individuals or $450,000 as a household. you know, cats are sleeping with pigs today. it's very unusual, but it looks like everybody gets to say they got something out of this deal, but it's far from a complete deal. this is a puny, mini deal that $24 billion that dana was just talking about, it is a small portion of it, but it gives me hope in humanity that they were able to get a deal done. i don't want to jinx this thing. it's still only 9:20 on the east coast. >> everything i have been hearing from white house sources as far as the president was concerned, extending the unemployment benefits for 2 million americans, as far as he was concerned, that had to be in the deal. he wasn't going to accept anything short
the strangest part is we haven't heard what john boehner thinks about it, whether he thinks he can muster a majority. we're hearing from dana and jessica and you heard from the senator there are some problems on the democratic side of the senate on this, and the weirdest thing in the world, grover norquist, signed off on something that raises taxes on people who earn $400,000 as individuals or $450,000 as a household. you know, cats are sleeping with pigs today. it's very unusual, but it looks...
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the question is will house speaker john boehner bring this to a vote. the politics of this are such that there will be a considerable amount of pressure on house republicans to bring this to a vote, in large part if it does pass through the senate. so we'll have to see. those are some big ifs. but things are moving forward. and again, to underscore kelly's point, this is a very large development. >> it will be a new year's eve to remember for sure. lots of nail biting, kristen. thank you so much. kristen welker and kelly o'donnell there for us. we're going to continue our breaking coverage and the last-minute breakthrough when we come back. you're watching msnbc, the place for politics. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we'
the question is will house speaker john boehner bring this to a vote. the politics of this are such that there will be a considerable amount of pressure on house republicans to bring this to a vote, in large part if it does pass through the senate. so we'll have to see. those are some big ifs. but things are moving forward. and again, to underscore kelly's point, this is a very large development. >> it will be a new year's eve to remember for sure. lots of nail biting, kristen. thank you...
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it was speaker john boehner who walked away from a 4 trillion-dollar deal. indeed boehner may have a trouble selling a final deal to republicans after he revealed tax hikes had to be cull peld with spending cuts. >> washington has a spending problem that can't be fixed with tax increases alone. >> the other major hurdle is shutting off the sequester especially after this vow in the final presidential debate. >> it will not happen. >> today republicans accused the president of moving the goal post by suggesting more tax increases are needed to stop the massive cuts aimed at the pentagon and elsewhere. >> revenues have to be part of the equation in turning off the sequester. >> there is some real anger brewing tonight on the left about proposed deal. even rich trumka the evidence the afl-cio head of organized labor it's not a good fiscal cliff deal if it gives more tax cuts to the 2% and sets the stage for more hostage taking. he is referring to the debt ceiling debate that's coming early next year. goes on to tweet republican's fiscal cliff double think fisca
it was speaker john boehner who walked away from a 4 trillion-dollar deal. indeed boehner may have a trouble selling a final deal to republicans after he revealed tax hikes had to be cull peld with spending cuts. >> washington has a spending problem that can't be fixed with tax increases alone. >> the other major hurdle is shutting off the sequester especially after this vow in the final presidential debate. >> it will not happen. >> today republicans accused the...
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. >> here is the thing, we have been worrying for the last week that the fact that john boehner and the president would discuss things, they would go back to their party. plan b, his caucus said no. things took a different turn today. we heard from a number of democrats, including robert reich on the show just a while ago, but we heard from democratic senators who said everyone is worrying about republicans saying no to this deal. there may be enough democrats to want to say no to it. is there a threat that the democrats might settle the deal? >> that is the concern. now, it's not something that the white house is opening talking about, but that is exactly why there is sort of this pressure to get this resolved right now, because there's momentum, they want to act on it fast, get it done, get it done because if we go over the cliff, democrat s will feel they have more leverage to settle the deal and draw this out into a longer battle. i will point out to you that the treasury secretary has already sent out a letter saying he's taking extraordinary measures now to extend the nation's cre
. >> here is the thing, we have been worrying for the last week that the fact that john boehner and the president would discuss things, they would go back to their party. plan b, his caucus said no. things took a different turn today. we heard from a number of democrats, including robert reich on the show just a while ago, but we heard from democratic senators who said everyone is worrying about republicans saying no to this deal. there may be enough democrats to want to say no to it. is...
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. >> the linchpin is whether john boehner can bring his troop as long. >> we need to get this right. >> the president is not, not going to make a new offer in this meeting today. >> the dow has fallen to the new lows. >> we may still be able to reach an agreement. >>> all right cliff or not, the markets finished 2012 in good fashion. the for the year the s&p 500 up a healthy 13.4%. all right joining us now is london based cnbc's kelly evran. before she deserted me, she was a regular on this program. good year for the s&p 500. actually, judging from the numbers, the economy could be even stronger. looks like the back end got better. here is the interesting thing. business investment could be a weak spot. if it is not because of the fiscal cliff, then there is more reason to be concerned. we saw in the sentiment figures, especially in the last month, there is a clear sentiment shot. perhaps even a real spending shot for businesses. five months of slumping, the last two months showed healthy gains. consumer spending, personal income, unemployment claims are low. what do you make of that
. >> the linchpin is whether john boehner can bring his troop as long. >> we need to get this right. >> the president is not, not going to make a new offer in this meeting today. >> the dow has fallen to the new lows. >> we may still be able to reach an agreement. >>> all right cliff or not, the markets finished 2012 in good fashion. the for the year the s&p 500 up a healthy 13.4%. all right joining us now is london based cnbc's kelly evran. before she...
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boehner should not have walked away from the 4 trillion-dollar debt deal that he was negotiating with the president in weekend weeks. that had significant spending cuts as well as the tax increases, trace. >> trace: we talk a lot about the taxes, ed, but what about those spending cuts, ed? >> the ones in terms of entitlement reform that's off the table until later next year apparently. in terms of the short-term, those automatic cuts known as sequestration that would hit the pentagon hard, some other domestic programs as well. that's the biggest stumbling block tonight to a deal. lindsey graham was on "fox news sunday" yesterday. he said he spoke to defense secretary leon panetta over the weekend. he had real concerns that these pentagon cuts will be devastating. take a listen. >> he says if we do this it will be shooting the defense department in the head and we'll have to send out 800,000 layoff notices the beginning of the year. he is worried to death that if we don't fix sequestration we are going to destroy the finest military in the world at the time we need it the most. >> the
boehner should not have walked away from the 4 trillion-dollar debt deal that he was negotiating with the president in weekend weeks. that had significant spending cuts as well as the tax increases, trace. >> trace: we talk a lot about the taxes, ed, but what about those spending cuts, ed? >> the ones in terms of entitlement reform that's off the table until later next year apparently. in terms of the short-term, those automatic cuts known as sequestration that would hit the...
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can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd you're saying as we sit here this evening, we're hearing there may be a senate vote tonight the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in there. everyb
can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so...
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that certainly wasn't the case with john boehner. so i think in that room they're probably bemoaning how hard they have to work to actually line up all these pieces to get their troops behind them and, frankly, they can't know whether those troops are going to be there, especially in the house. but that's probably the way they've been operating. >> jared bernstein, thank you very much for coming on. help new y help new year. >> same to you, jonathan. stay with us. ing. ring. progresso. i just served my mother-in-law your chicken noodle soup everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ hotwire.com >>> nbc news is reporting there will not be a vote in the house
that certainly wasn't the case with john boehner. so i think in that room they're probably bemoaning how hard they have to work to actually line up all these pieces to get their troops behind them and, frankly, they can't know whether those troops are going to be there, especially in the house. but that's probably the way they've been operating. >> jared bernstein, thank you very much for coming on. help new y help new year. >> same to you, jonathan. stay with us. ing. ring....
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and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democrats. it's just a matter of getting it to a vote in the house. what's happened over the course of the day is we had this seesaw. when details leak out, that angers democrats, they go back to the negotiating room and fight for a bit more. then some details leaked out that there weren't enough spending cuts. that angered republicans. obama's comments angered republicans. so i think they're back in the negotiating room, republicans pushing harder on the spending cuts side. that's what we've seen through the the day. >> ali, based on my years of covering washington, the longer there's no final vote in the senate and house, the more likely this whole thing
and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democrats. it's just a matter of getting it to a vote in the...
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>> they scuttled john boehner's plan. will they accept a deal for $400,000 for single people and $450,000 for couples? >> it is extremely difficult to do that. i talked to a couple of aides shortly after obama spoke and they actually were angry at the way the president presented the way things are coming. they actually thought that he was sort of sabotaging the thing by the gleeful almost presentation he gave with the applause when he talked about congress and the laughter. so it's going to be really hard for them to suck it up and i don't think that made it any easier. >> well, i have a little bit of a philosophical question for you, michael. the thought occurs to me that this is why we can't have nice things. we had the debt ceiling showdown. even before that, we had multiple threats of government shutdown over things like funding of planned parenthood and even if we get through this with a deal, we may have another debt ceiling showdown. are we at the point in history where we cannot get anything done and nothing will
>> they scuttled john boehner's plan. will they accept a deal for $400,000 for single people and $450,000 for couples? >> it is extremely difficult to do that. i talked to a couple of aides shortly after obama spoke and they actually were angry at the way the president presented the way things are coming. they actually thought that he was sort of sabotaging the thing by the gleeful almost presentation he gave with the applause when he talked about congress and the laughter. so it's...
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john boehner's speakership took a hit. you can debate how big or how small. he put a lot of weight in his political backing behind plan b and couldn't bring it up for a vote. can john boehner bring a senate passed bill to the house floor that does not have a majority of the republican majority who will vote for it and sort of retain his power as speaker? what's your assessment on that? it seems very unlikely at this point that a majority of the 234 republicans are going to be voting for anything that the senate produces. >> well, i think that republicans will realize that the speaker has done everything he can, and by not supporting plan b, they set up kind of a high pressure hold, if you lshgs of expectations. however, remember, that was the majority of republicans. if you had the democrats voting on a new alternative from the senate, then you only need, say, 25 or 30 republican votes, and you'll get enough. the reason why is because people will say, you know, we've made the case to continue the current tax rates as is. we did not win on that. now do we want
john boehner's speakership took a hit. you can debate how big or how small. he put a lot of weight in his political backing behind plan b and couldn't bring it up for a vote. can john boehner bring a senate passed bill to the house floor that does not have a majority of the republican majority who will vote for it and sort of retain his power as speaker? what's your assessment on that? it seems very unlikely at this point that a majority of the 234 republicans are going to be voting for...
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obama and house speaker john boehner hit a wall. it the deal extend the bush tax cuts for families making less than $250,000 a year. there are no spending cuts in this deal. the democrats said they already agreed to cuts in last year's debt ceiling hike. but republicans will go ballistic over no spending cuts. there is one year of extended unemployment benefits in this deal. that was a red line for some democrats who say it's good for the country and fair for the many people who still can't find work. it doesn't raise enough revenue or cut spending enough to stop the sequestration. in the words of the critics they will have to kick the can down the road. this will be a hard sell for republicans who say the country has a spending problem, not a revenue problem. president obama is hoping the midnight deadline puts pressure on them. >> date appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we are hopeful that congress can get it done. but it's n
obama and house speaker john boehner hit a wall. it the deal extend the bush tax cuts for families making less than $250,000 a year. there are no spending cuts in this deal. the democrats said they already agreed to cuts in last year's debt ceiling hike. but republicans will go ballistic over no spending cuts. there is one year of extended unemployment benefits in this deal. that was a red line for some democrats who say it's good for the country and fair for the many people who still can't...
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i think john boehner, there was a lot of scuttle about three or four days ago, but i think he actually, i heard that he got a little standing ovation from his caucus earlier yesterday. i think he comes out of this. i think he will be as strong as ever. this is just the opening round of negotiations. this will go on for six months or a year. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a
i think john boehner, there was a lot of scuttle about three or four days ago, but i think he actually, i heard that he got a little standing ovation from his caucus earlier yesterday. i think he comes out of this. i think he will be as strong as ever. this is just the opening round of negotiations. this will go on for six months or a year. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal."...